Terrific post, makes it more understandable @Scarpa and putting...

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fooca

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18/04/18

15:40

Post #: 32531704
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Originally posted by Scarpa ↑

I think we need to be realistic here. Tenements are fine in the NT but very long term IMO.

Origin will probably explore next year so can see further after that. Given the Kyalla formations are not intersected to so some 500 metres + deep and the Valkerri formations not intersected to some 2km deep, I think if anything GPP might do some initial surface exploration in the Balmain swamp (lagoon) - i.e. the potassium rich clays. It will take a hell of a lot of capital to do what you are I think suggesting given the required depth of drilling for Kyalla and Valkerri, so they will need to wait on Origin for anything deep (i.e. understanding subsurface formations and depth and how they are sloping etc etc. So in terms of priority, they need to focus on Turesi IMO.

In terms of gas potential, obviously significant gas potential in the area given TcF inferred by Origin. As I said before, 1 TcF of gas is the equivalent of 20 million tonnes of LNG so potential is there, just a question of cost for Origin within a bankable study framework (but Qld is an example of LNG projects sourced from fracked gas).

So all hypothetical at this stage, so looking forward to Turesi drills instead.

All IMO

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Terrific post, makes it more understandable @Scarpa and putting into a realistic perspective and IMO only, I don't think GPP will be in any hurry to allocate funds to the NT projects

cheers

GPP Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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Terrific post, makes it more understandable @Scarpa and putting...

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